TOS Cherry Pickers"Finding options ripe for the picking"
| TOS Cherry Pickers "Finding options ripe for the picking" |
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 Dennis Marentette |
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| Background A Thinkorswim Advisor pointed out that those options with high volume and high extrinsic value just before expiration, are ripe for the picking. In the last week of options, these extrinsic values fall off to zero. I saw an opportunity for some serious money to be made. I tested the theory and got incredible results. My thinking was that if we could put together a group of like-minded individuals that searched out the best of these kinds of trades every month everyone could be successful. We could first find the best stocks with a strike price that has the highest extrinsic value compared to the other strike prices. The next thing would be to find the best play to gain that profit and what is the best time to enter and exit the trade. We have now found more websites and documents to support our trades. Most of our trades are an eight day extrinsic crush. We have also added a very successful 30 day crush. |
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| GOAL We are putting together a group of international traders that can understand this trade and be willing to meet once a month on the Wednesday 10 days before expiration. Some meet in person, most meet online. With webinars, distance is not an issue. From the comfort of your computer, you can join the meeting. Members will email in a stock & strategy that fits this criteria. The first couple of meetings, new individuals will be more as observers to gain confidence. By the end of the meeting, we will have a minimum of five good stocks that fit this criteria. Our goal and we are well on our way, is to have a number of consistently good trades for all market conditions. It is a group of like-minded positive individuals sharing to get the most out of these trades. |
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| Requirements: • Have a Thinkorswim TOS account to do stocks. • Must understand options & spreads. • Recommend paper trading until totally comfortable with the whole concept. • Willing to find options that have high extrinsic value & high volume. • Share results of previous trades with the group. and enhance the group are invited to return to the monthly meeting. www.thinkorswim.com USA www.thinkorswimcanada.com Canada* *Can only open a paper trading account at this time. |
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| Tools: The members section contains many tools available in a multitude of formats to help one achieve financial success and the joy to appreciate it. We have detailed instructions on how to set up the TOS platform, so that Cherry Picking is as simple as possible. We have webinars showing how easy it is. Our library contains a number of books, university documents, DVD's and CD's to help you take your life to the levels that you want. As we grow, we are continuously adding to the material, so that new members can get up to speed as quickly as possible. |
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| Results: Theories are nice, but true results are where the rubber hits the road. No BS, just hard facts that can be understood and verified. Anyone can publish great results to make things look good and many do, however, we will show you our results and how we achieved them.
"These results do not include the cost of commission with TOS Past results is no indication of future returns" If you would like to see the breakdown of these trades, email Dennis with the subject line results. He will send you the information. You may be asking yourself how does a group of option traders get results like this? The first and most important thing is that this group works in a vortex of positive energy. By consistently doing that, we have been getting above average results. We are looking for individuals who understand this concept and are willing to contribute toward finding the best trades. Are you one of those individuals? If you are a positive and confident person, willing to work with others, then this may be for you. |
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| Membership: • Membership is $200. per year. Members have 60 days to get a complete refund. Members can attend online as most do or at Dennis’ residence in Windsor, Ontario. We have one meeting on the Wednesday, ten days before expiration to choose the best trades. We do a meeting at noon on Tuesday of Expiartion week to make any adjustments to our tardes. This webinar is recorded and posted and an email is sent out with the comments. The other meeting is the Wednesday after expiration to review the previous trades and other trade strategies. Members can pay by PayPal or cheque. All profits from the membership after expenses will go to the Red Cross at the end of the year . |
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| Meetings: September Expiration meeting Wednesday, Sept 8, 2010 7:00 pm EST This webinar is posted in the members section within two hours of the meeting. September Expiration follow up meeting Wednesday, Sept 22, 2010 7:00 pm EST Location at my home... 3190 Elmwood Cres. Windsor Ontario N8R 1X4 View Google Map or email at Dennis@TOSCherryPickers.com SKYPE user name: toscherrypickers Thank you, Dennis Marentette |
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